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TSMC's third-quarter revenue surges 50%, rides on AI wave to beat market forecast

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TSMC's third-quarter revenue surges 50%, rides on AI wave to beat market forecast

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TSMC's third-quarter revenue surges 50%, rides on AI wave to beat market forecast

TSMC reported record third-quarter revenue of T$1.49 trillion, beating forecasts and rising 50% year-on-year driven by surging demand for AI applications.

TSMC, the world's largest contract chipmaker, reported on Thursday record third-quarter revenue of T$1.49 trillion ($46.71 billion), beating the market forecast and rising 50% from the year-earlier period due to surging demand for AI applications. Revenue in the July-September quarter of this year came in at T$1.49 trillion, according to Reuters calculations, compared with T$989.92 billion in the year-ago period. An LSEG SmartEstimate, drawn from 19 analysts, had predicted third-quarter revenue of T$1.46 trillion. Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier to companies, including Nvidia and Apple.

8 billion. The company gives its forecast only in US dollars and not in Taiwan dollars. 86 billion. Samsung Electronics earlier on Thursday projected its quarterly operating profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales. 1 trillion, did not provide any details or forward guidance in its brief revenue statement.



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